PRLog - May 10, 2014 - LOS ANGELES -- Gaming Royalty Corp (GRC) announced today its new Bitcoin-based Funding Program for Mobile Game Developers utilizing Secured Royalty Contracts.
Gaming Royalty Corp Provides Bitcoin-based Funding
BACKGROUND: Bitcoin, the most popular P2P digital currency, is drawing attention from institutional investors after evolving over 5 years from an intellectual novelty into a global financial network. Whether Bitcoin is an innovative payments technology or true alternative currency, it’s popular worldwide and here to stay.
MARKET: While the overall Video Game Market continues to show strong growth, there is a gap in Mobile Game investment. Unlike traditional Video Game Development, Mobile Game Development requires rapid, multiple small scale parallel development platform investments, completely different from Major Video Console Publisher Titles. Quality Mobile Game Developer demand for capital exceeds current supply.
SOLUTION: GRC provides Bitcoin-based capital for new game development on an exclusive title & platform basis. GRC researches and screens proven development teams and enters into Secured Royalty Contracts (SRC) by title or platform extension that guarantee fixed returns of 2x~4x of the invested amount over two to five year terms.
CUSTOMERS: GRC is in discussions with initial mobile developers including MSB Games Corp.
ABOUT GRC: Formed in 2014, Gaming Royalty Corp (GRC) provides Bitcoin-based capital for Mobile Game Developers worldwide that have BitCoin enabled features. http://royaltygaming.net